MedEquities Realty Trust Inc. (NYSE:MRT) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.67.
Separately, Zacks Investment Research cut shares of MedEquities Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.
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Shares of MedEquities Realty Trust (NYSE:MRT) traded up 0.17% on Friday, hitting $11.72. The company’s stock had a trading volume of 135,813 shares. The stock’s 50 day moving average is $12.32 and its 200-day moving average is $11.72. MedEquities Realty Trust has a 52 week low of $10.28 and a 52 week high of $13.06. The company has a market cap of $372.17 million and a price-to-earnings ratio of 35.62.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date is Monday, August 14th. MedEquities Realty Trust’s dividend payout ratio (DPR) is currently 240.00%.
Several large investors have recently modified their holdings of MRT. Russell Investments Group Ltd. bought a new stake in shares of MedEquities Realty Trust during the fourth quarter worth about $3,383,000. State Street Corp bought a new stake in shares of MedEquities Realty Trust during the fourth quarter worth about $2,938,000. Allianz Asset Management AG bought a new stake in shares of MedEquities Realty Trust during the fourth quarter worth about $125,000. GSA Capital Partners LLP bought a new stake in shares of MedEquities Realty Trust during the fourth quarter worth about $229,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of MedEquities Realty Trust during the fourth quarter worth about $297,000. 95.18% of the stock is owned by institutional investors.
About MedEquities Realty Trust
MedEquities Realty Trust, Inc is a real estate investment trust (REIT). The Company invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company invests primarily in real estate across the acute and post-acute spectrum of care. It focuses on investing in various types of healthcare properties, including acute care hospitals; skilled nursing facilities; short-stay surgical and specialty hospitals, which focus on orthopedic, heart and other dedicated surgeries and specialty procedures; dedicated specialty hospitals, such as inpatient rehabilitation facilities, long-term acute care hospitals and facilities providing psychiatric care; physician clinics; diagnostic facilities; outpatient surgery centers, and facilities that support these services, such as medical office buildings.
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